Economy to grow 7 pc: Bhatt

SBI Chairman O P Bhatt on Monday sounded optimistic on economic growth and projected nearly 7 per cent expansion this fiscal, on a day when RBI professional forecasters revised down the forecast to  6 per cent.
“Economic activity will gather steam and momentum. We may not grow at  9 per cent but at (about) 7 per cent,” Bhatt said at an event here. Observing that the country was witnessing a revival in economic activity, he said growth would be more widespread and sustainable.

India’s economic activity would gather momentum, but the country may not be able to meet its aspiration of growing at nine per cent, he said.